Personal Finance News Views and Reviews for Canadians

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Tag: Credit Repair Loan

Refresh Financial Canada is excited to announce its success with the program that offered secured savings loans to build your savings that help you save thousands in long term interest costs. Refresh loan is available throughout Canada. Refresh Financial Review is presented in form of facts and borrowing base of its customers that Refresh Financial Canada itself collected and brought forward but every client of this rapidly growing financial company is welcome to share his/her own findings to assist other fellow members looking to get a customer’s own review.

Who Owns Refresh Financial?

Refresh Financial Inc., Canada owns it; please kindly visit the contact us page from it’s official website to find out Refresh Financial contact number, email and address to contact and more information.

Refresh Financial Reviewed Quick Facts

Refresh Financial offers short term secured savings loans, as it isn’t a credit repair service but Refresh loan may help you in improving your credit score by building a credit history provided your payments are made in full and on time.

After being enrolled with Refresh for 6 months – 30% have already been approved for a loan elsewhere!

50% of borrowers are using the Refresh Secured Savings Loan to rebuild credit after filing for bankruptcy of consumer proposal.

30% of clients joined the program after consistently being declined for loans with lenders due to poor credit.

Refresh Financial Advantages

These are some of the advantages that will help you understand the Refresh Loan, its easy and will lead you to find out how you can take benefit of Refresh product! Here are a few quick tips:

Affordability – Clients can begin building their savings and establishing their credit for as little as $12 per week!

No Payout Penalty – Refresh Canada clients can access funds once their equity starts to build. The best part – no penalties!

95% Approval Rate! – No credit, bad credit, bankruptcy – we do our best to help anyone who wants to build their credit.

Refresh Financial Canada has helped thousands of individuals automatically build up savings each month and change their financial future. Join them to obtain credit repair loan in range of $1,200, $2,300 or $5,500 to experience legit and easy financial transaction designed to help poor credit, low-income individuals move forward in life. There is no charge to make your inquiry, contact one of the sales person over there to find out more about; how you can get advantage of the credit repair loan and how does refresh financial work? Learn about the program and if you already have used the refresh financial services; you may please give your own review to help other people looking to get Refresh Secured Savings Loan to establish their credit and savings to improve finances.

Does it help you to improve your credit history; no credit, bad credit, past credit issues like bankruptcy or a consumer proposal?

Does it help you in building your financial savings?

Are you satisfied with the loan that entitle you to draw it latter in accordance with your loan term that also includes your financial savings?

Do you think credit repair loan from Refresh Financial Canada is better than Canadian secured credit cards (older way to improve credit)?

Do you think Refresh Savings Loan is one of the best financial solution that helps you getting your future loans on best rates and terms?

Does it bring economical financial solution that you can afford paying off?

As its one of a new financial product of an exclusive, interesting and multiple advantage nature that may attract many of the consumer having new, unestablished credit history, bad credit history as well as people suffering from bankruptcy and or a consumer proposal that need to refresh finances, in relation to its nature, it may attract most of the consumers that’s why it really require many practical answers that only come from its users and consumers; you are welcome to participate in Refresh Financial Canada reviews in your personal words; thanks.

Looking to improve your credit rating after having bad credit situation due to poor payment history or else, previous insolvency, bankruptcy or consumer proposal. Remember, there is no any quick fix but you can get back on track if you follow the right path. In your situation, the best solution is a prepaid credit cards or a secured credit card that are the easiest to obtain. It can help you to establish or rebuild your credit history, and let you access to credit when you need it.

If you’re a new to Canada having no credit history or if you’re a Canadian citizen trying to rebuild your credit rating for your ruined credit history, it’s not always easy to get approved for a credit card, where secured credit card is an easy to get credit card in all kinds of credit ratings and financial difficulties and its the one you need it to establish or rebuild your credit history. There are plenty of secured credit cards from various banks and non-banking financial companies that are being offered in the Canadian market today. You should be smart in selecting a good secured card as secured credit cards usually require processing charges, application fees and annual fees where regular credit cards don’t.

Here’s an article that specially selected to reproduce it here from Financial Consumer Agency of Canada to help website visitors looking to get an authentic answer from a reliable source on; how to rebuild your credit history?

Rebuilding Your Credit

Even if you have made money mistakes in the past, you can rebuild your credit history and become a borrower in good standing. It is important to have a good credit history if you want to borrow money. The better your credit report and score, the better the terms of your loans and credit will be (e.g. lower interest rates).

However, you have harmed your credit history and score if:

you did not pay at least the minimum balance on your debts

you made late payments

you went over your credit limit

you missed one or several payments

you stopped making payments altogether

you have too much credit and you use it

your debt was referred to collection

you made a consumer proposal

you declared bankruptcy.

A bad credit report and score can mean you do not get approved for a loan, or you do not receive the best loan terms (e.g. higher interest rate).

How to rebuild your credit history

Apply for a secured credit card. Secured credit cards require you to leave a deposit with the credit card issuer as a guarantee. The deposit is usually equivalent to the card limit, but can be higher. For instance, if you want a limit of $500, you may be asked to leave a deposit of $500. Once you’ve shown that you pay the balance regularly and have built a payment history, you can ask that the security requirement be dropped and that the deposit be returned.

Make at least the minimum payment by the due date. If you cannot pay off your balance in full each month, make at least the minimum payment on each of your debts on time. Late payments will count against you and negatively impact your credit score and credit report.

Do not apply for too many credit and loan products. Having too much credit can also negatively affect your credit report. Keep your available credit at a minimum. Do not fill in too many applications for credit and loans because every time you do, your credit history is checked. Each credit check can affect your credit score.

Review your statements. When you are in debt, avoiding your monthly statements may cost you. Mistakes happen and you only have a limited time to correct them. Always review your statements to make sure there are no transactions charged in error and that your payments are recorded correctly. Report any mistakes as soon as possible.

Check your credit report annually. You are entitled to receive a free copy of your credit report annually from each of Canada’s two credit rating agencies, Equifax and TransUnion. Check your credit report annually for errors and get them corrected as soon as possible.

Prepaid cards do not help you build credit. You may choose to use a prepaid card as a payment option, but its use is not tracked by the credit rating agencies.

Productive Suggestion: Use credit responsibly

“There are no quick fixes to repairing your credit history. You have to prove you are a responsible borrower to lenders, and that may take time. Whether you are rebuilding your credit history, or trying to maintain a good credit score, you should always use credit responsibly.”

Alternate to secured credit cards to rebuild your credit history

How to repair your credit in Canada or rebuild your history? In the past secure credit card is the only option available but now Canadian market is offering another innovative alternate to establish, and or rebuild your credit history is a Credit Repair Loan that also works in bankruptcy and consumer proposal issues beside don’t overburden their customers in relation to high interest rate secured credit cards that ask for the cash “upfront” at the time you receive your credit card. As many of such consumers trying to rebuild their credit may have a difficult time doing so.